When Considering the Phases of Adjustment and Response to Operating

question 47

Multiple Choice

When considering the phases of adjustment and response to operating exposure in the LONG RUN, price changes tend to be ________ and volume changes tend to be ________.

• A) fixed/contracted; contracted.
• B) fixed/contracted; completely flexible.
• C) completely flexible; completely flexible.
• D) completely flexible; contracted.

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Definitions:

Supply Chain Council

An organization that provides insights, frameworks, and best practices for improving supply chain management and operations.

Metric Classification

The process of categorizing metrics based on their attributes or purposes, such as performance metrics, financial metrics, or operational metrics.

Supply Chain Council

An organization focused on improving supply chain efficiency and effectiveness through the development and promotion of best practices and standards.

SCOR Model

A framework developed by the Supply Chain Council that describes the business activities associated with satisfying a customer's demand, which include plan, source, make, deliver, return, and enable.